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SB 615 Illinois Senate · 94th Regular Session

ECON DEV CREDIT-QUALIFICATION

Summary
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that an Applicant may qualify for tax credits if the Applicant has 100 or fewer employees and is located or will locate in a county for which the annual unemployment rate was at least 1% higher than the average annual statewide unemployment rate during the most recent year for which those statistics are available from the Department of Employment Security, the project will involve an investment of at least $500,000 in capital improvements to be placed in service, and the project will employ at least 2 New Employees within the State as a direct result of the project. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
Senate Passage
Apr 2005
House Passage
Governor
Introduced Apr 8, 2005 Last action Jan 9, 2007
Floor votes · Senate Apr 8, 2005

How they voted

44–0
Passed · 2 other
Total votes 46
Apr 8, 2005
D Democratic25
25 Yea
100% Yea
R Republican21
19 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
44
Key actions
2
Committee
6
May 13, 2005
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 20, 2005
Committee
Assigned to Executive Committee
lower
Apr 11, 2005
Committee
Referred to Rules Committee
lower
Apr 8, 2005
Introduced
Arrived in House
lower
Apr 8, 2005
Senate · Passed
Senate Vote: pass (44-0-2)
senate
Mar 3, 2005
Upper · Passed
Do Pass Commerce & Economic Development; 009-000-000
upper
Feb 23, 2005
Committee
Assigned to Commerce & Economic Development
upper
Feb 18, 2005
Committee
Referred to Rules
upper
0 primary · 15 co-sponsors

Sponsors

No sponsor information available.